<-- style PDP --> 50 Lanark Avenue, Toronto - Triplex for sale for $1,999,000
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50 Lanark Avenue

Toronto, Ontario, M6C 2B4 - Humewood-Cedarvale

$1,999,000

  • Neighbourhood

    Humewood-Cedarvale

  • Major Intersection

    Oakwood Ave & Eglinton Ave W

  • Listed Since: 1 day(s)

  • Last update: today

Overview

  • Property Type

    Triplex, 3-Storey

  • Bedrooms

    7 + 2

  • Bathrooms

    5

  • Basement

    Sep Entrance + Apartment

  • Kitchen

    2 + 1

  • Total Parking

    1 Detached Garage

  • Lot Size

    17.5x120 (Feet)

  • Taxes

    $10,195.26 (2025)

  • Type

    Freehold

Property Description

Property description for 50 Lanark Avenue, Toronto

Newly constructed, fully tenanted custom 3-unit property with primary home, legal lower suite and rear coach house. Rare unit mix with 4-bedroom Main House, 3-Bedroom Coach house and 2-bedroom lower suite (no 1-bedroom units) attracts long-term stable tenants. Net operating income of $110k (see financials). The proximity to Cedarvale Park, Leo Baeck Day School and newly opened Eglinton Crosstown drives rental demand. Because of the unique separation between the primary home and lower suite/coach house, buyers can choose to live in the private primary home while earning substantial income from lower suite/coach house. The units are thoughtfully designed to provide privacy/separation to all tenants (most other multiplexes have stacked units). New construction equals very low maintenance costs/upkeep. Option for a VTB of up to $500k with competitive terms. Mirror image neighbour property at 50B Lanark Ave also available for those looking for a fully tenanted 6-unit income property earning $220k in NOI.

Listed by RIGHT AT HOME REALTY

  • MLS #

    C12871122

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Lane

  • Garage

    Detached, 1 spaces

  • Total Parking

    1

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick Front

  • Fireplace

    N

  • Roof

    Asphalt Shingle, Metal

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Upper

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    C12871122

  • Sq. Ft

    2500-3000

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    Y

  • Year Built

    Available Upon Request

  • Pool

    None

  • Drive

    Lane

  • Garage

    Detached, 1 spaces

  • Total Parking

    1

  • Family Room

    Y

  • Den

    Y

  • Exterior

    Brick Front

  • Fireplace

    N

  • Roof

    Asphalt Shingle, Metal

  • Foundation

    Poured Concrete

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    Upper

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

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Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 50 Lanark Avenue, Toronto

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Inventory Graph

10 9 8 7 6 5 4 3 2 1 0 5 Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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